About PET Plastic Bottles Recycling
Over the past few decades, due to increasing environmental concerns based on growing plastic disposal has encouraged the demand for environmentally viable plastic recycling applications especially PET plastic bottles recycling, which refers to the process of plastic waste management, recovery or recycling and turning the same waste into useful products. It involves several operations such as; waste collection, sorting, shedding, molding, and many others. Growing awareness about the negative impact associated with plastic disposal, increasing government reimburse and many other factors will ultimately encourage the use of PET plastic bottles recycling applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.32% |
Competition among existing players is due to the PET Plastic Bottles Recycling market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for PET Plastic Bottles Recycling market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.The Manufacturers having a strong hold in the market are Centriforce Products, Avangard Innovative, Ultrepet, Dennison Plastics, and Polychem. Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global PET Plastic Bottles Recycling market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Centriforce Products Ltd (United Kingdom), Avangard Innovative (United States), Ultrepet LLC (United States), Dennison Plastics Ltd (United Kingdom), Polychem Corporation (United States), Clean Tech Europe Limited (United Kingdom), Complete Recycling (United States), Eco2 Plastics Inc. (United States), Worldwide Recycler Services LLC (United States) and PlasticsEurope (Belgium) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Clear Path Recycling (United States), Mohawk Industries Inc (United States), CarbonLite Industries LLC (United States), Envision Plastics Industries LLC (United States) and Advanced Environmental Recycling (United States).
Segmentation Overview
AMA Research has segmented the market of Global PET Plastic Bottles Recycling market by Type (Chemical Recycling and Mechanical Recycling), Application (Food and Non-Food Packaging, Building Materials, Textile Fiber / Clothing, Landscaping/Street Furniture and Other) and Region.
On the basis of geography, the market of PET Plastic Bottles Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Molding Technology, the sub-segment i.e. Stretch Blow Molding will boost the PET Plastic Bottles Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. High will boost the PET Plastic Bottles Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Business to Business will boost the PET Plastic Bottles Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Packaged Water will boost the PET Plastic Bottles Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Appearance, the sub-segment i.e. Transparent will boost the PET Plastic Bottles Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Simplified and Economically Viable PET Bottle Recycling and Growing Adoption of Highly Flexible and Resistant Recycled PET Bottles
Market Growth Drivers:
Upsurging Environmental Concerns Leading to Increased Demand for PET Plastic Bottles Recycling and Growing Awareness about Plastic Disposal Across the Globe
Challenges:
Higher Investments and Operational Complexities Associated with PET Plastic Bottles Recycling
Restraints:
Comparatively Lower Demand from Developing and Under Developed Nations
Opportunities:
Adverse Effects Associated with the Open Disposal of Plastic and Numerous Regulations Favoring Plastic Recycling and Highly Escalating Participation of Government
Market Leaders and their expansionary development strategies
In June 2021, Indorama Ventures (IVL), a global chemicals producer, has completed its acquisition of CarbonLite Holdings’ facility in Texas as part of the company’s commitment to increasing PET recycling capacity.
In Oct. 2023, After being the first company in India to launch a one-litre bottle made from 100% recycled PET (rPET) for its packaged drinking water brand Kinley, Coca-Cola India is taking another meaningful step towards creating a circular economy and has announced the launch of Coca-Cola in rPET in pack sizes of 250 ml and 750 ml. These rPET bottles are being manufactured by Coca-Cola bottling partners - Moon Beverages Ltd., and SLMG Beverages Ltd..
Key Target Audience
PET Plastic Bottles Recycling, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.